Form 4: Credo Technology COO Lam Yat Tung Reports Routine Share Disposition for Tax Obligations
Insider Transaction Report
Credo Technology Group Holding Ltd's Chief Operating Officer, Lam Yat Tung, reported the disposition of 3,174 ordinary shares to cover tax withholding obligations related to RSU vesting.
Summary
- Lam Yat Tung, Chief Operating Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported a transaction on July 2, 2025.
- The transaction involved the disposition of 3,174 ordinary shares at a price of $89.37 per share.
- This disposition was for shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following this transaction, Lam Yat Tung directly beneficially owns 2,759,751 ordinary shares.
- Additionally, Lam Yat Tung indirectly beneficially owns 1,000,000 ordinary shares through Zhan BVI Co Ltd, though beneficial ownership is disclaimed except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The transaction is a neutral, routine event for tax withholding related to RSU vesting, which is a standard practice in executive compensation.
Future Outlook
The document does not provide any forward-looking statements or guidance beyond the transaction date.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies with RSU programs. It does not reflect broader industry trends or competitive dynamics.
Related Party Transactions
- Lam Yat Tung indirectly beneficially owns 1,000,000 ordinary shares through Zhan BVI Co Ltd, though beneficial ownership is disclaimed except to the extent of any pecuniary interest.
Stakeholder Impact
- Shareholders: The disposition of a small number of shares for tax purposes is a routine event and is unlikely to have a material impact on the company's share price or overall shareholder value.
- Employees: The transaction reflects standard RSU vesting and tax withholding practices, which are common components of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/02/2025 | Date of transaction involving the disposition of shares for tax withholding. |
| 07/03/2025 | Date the Form 4 was signed and filed. |
Keywords
Credo Technology Group Holding Ltd, CRDO, Lam Yat Tung, Chief Operating Officer, Director, SEC Form 4, Insider Trading, Share Disposition, Tax Withholding, RSU Vesting, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.